Independent Audit
This service is designed for:
Reporting entities who are required to conduct an independent audit every two years.
Businesses that want a proactive health check before their mandatory audit is due.
Organisations that have undergone significant change (e.g., rapid growth, new leadership, a previous compliance breach) and need assurance.
Our Process:
As your independent auditor, we provide an objective assessment, not just a checklist. Our audit process is rigorous and constructive:
Planning & Scoping: We define the audit's scope based on your highest risk areas and regulatory requirements.
Testing & Evidence Gathering: We meticulously test the effectiveness of your AML/CTF Program against its own objectives and the law. We examine transaction records, CDD files, STR/SMR reports, and interview key staff.
Analysis & Reporting: We provide a clear, detailed report that doesn't just identify gaps but categorizes them by risk and provides actionable recommendations for remediation.
Debrief & Roadmap: We walk you through the findings and help you develop a practical plan to address the issues before AUSTRAC ever sees them.
Tangible Outcomes:
An audit with us provides:
Peace of Mind: The confidence that comes from knowing your program will stand up to regulatory scrutiny.
A Clear Action Plan: A prioritized list of recommendations to strengthen your compliance framework.
A Defensible Report: A comprehensive document that proves to AUSTRAC you take your compliance obligations seriously.